$ 1,399,900
-
$1,399,900
Price -
10
Bed -
9
Bath -
3,630
SqFt
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About the Listing X77554 - C118425
9.1% Cap Rate + ADU potential! We are pleased to offer the opportunity to acquire this high yield Duplex, featuring 10-bedroom + 9-bathroom Student Housing investment opportunity, blocks to the University of Southern California (USC). The duplex is approximately 3,630 rentable square feet on a 6,881 square feet lot, was fully remodeled in 2020 with city permit, featuring brand new exterior stucco/paint, completely updated bathrooms with new electrical, plumbing, sewer and gas lines, brand new portable AC systems, and in-unit washer & dryer on each floor. The investment is 100% occupied with students/graduates and fully leased for the 2025-2026 academic school year. With a consistent 100% occupancy rate, this asset offers a low-risk, stable investment with strong potential for continued growth and excellent operating fundamentals. The property generates a gross income of $12,000 per month, with tenants responsible for all utilities, including water/gas/electricity. Additionally, the large 6,881 SF (LARD1.5 zone, TOC Tier 2) lot presents an opportunity for further cash flow enhancement by constructing ADUs. DO NOT DISTURB THE TENANTS. Showing by Appointment only.
Listing Highlights
Status
Active
Days on Site
40
Property Type
Multi-Family
MLS ®
26650049
Year Built
1920
Total Square Footage
3,630
Lot/Acreage
0.16
County
Los Angeles
Interior Details
- Bedrooms: 10
- Bathrooms: 9 Full
- Appliances: Convection Oven
- Air Cond: Air Conditioning,Heat Pump(s)
- Heating: Natural Gas
- Fireplaces: Bath,Gas,Electric,Dining,Exterior,Kitchen
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Remodeled
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 12
- Zoning: LARD1.5
- Roof: Asphalt
- Others: Updated/Remodeled
- Sewer:
- Parking Features: Driveway
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
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Questions About..
2705 S Normandie Ave Los Angeles, CA 90007
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